Guideline Value for Pilliyar koil Street

Pilliyar koil Street guideline value

The current guideline value of Pilliyar koil Street in Manancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Pilliyar koil Street has changed

Over the years, the guideline value of Pilliyar koil Street has seen significant revisions. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 300%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The 2017 revision then saw a substantial increase to Rs 1,000 per sq.ft in 2023, reflecting a 49% rise. Finally, the current 2024 revision sets the guideline value at Rs 1,100 per sq.ft, indicating a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. Pilliyar koil Street's 2024 guideline value of Rs 1,100 per sq.ft is above this median.

• Pilliyar koil Sandhu: Rs 990 per sq.ft (2024)
• Ponni Nagar: Rs 990 per sq.ft (2024)
• Pooja Avenue: Rs 1,320 per sq.ft (2024)
• Perumal koil Street: Rs 1,100 per sq.ft (2024)
• Parvathy Enclave: Rs 2,500 per sq.ft (2024)
• Parvathy Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Pilliyar koil Street?

The Sub Registrar Office that covers Pilliyar koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Manancheri

The guideline value is a crucial factor in property transactions in Manancheri. It serves as the benchmark for calculating stamp duty and registration fees when buying or selling property. The higher of the guideline value or the sale price is considered for these calculations.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for maintaining accurate property records and tax assessments. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Pilliyar koil Street?

The current guideline value of Pilliyar koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 340%.

What are the stamp duty and registration fees for properties in Pilliyar koil Street?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for Pilliyar koil Street?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Pilliyar koil Street?

Pilliyar koil Street is classified as Residential Special Type - II under the Kunrathur SRO.